Boston Trust Walden Corp Reduces Holdings in Packaging Co. of America (NYSE:PKG)

Boston Trust Walden Corp trimmed its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,155 shares of the industrial products company's stock after selling 22,588 shares during the period. Boston Trust Walden Corp owned approximately 0.23% of Packaging Co. of America worth $45,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PKG. Truist Financial Corp boosted its position in shares of Packaging Co. of America by 1.4% in the second quarter. Truist Financial Corp now owns 24,079 shares of the industrial products company's stock valued at $4,396,000 after acquiring an additional 341 shares during the period. Cetera Investment Advisers lifted its stake in Packaging Co. of America by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 19,458 shares of the industrial products company's stock worth $3,552,000 after purchasing an additional 349 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Packaging Co. of America in the 2nd quarter valued at $2,994,000. Czech National Bank boosted its holdings in Packaging Co. of America by 6.9% in the 3rd quarter. Czech National Bank now owns 18,163 shares of the industrial products company's stock valued at $3,912,000 after purchasing an additional 1,176 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Packaging Co. of America by 19.1% in the third quarter. Handelsbanken Fonder AB now owns 62,856 shares of the industrial products company's stock worth $13,539,000 after purchasing an additional 10,069 shares during the period. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Price Performance

Shares of NYSE PKG traded down $2.29 during trading hours on Friday, reaching $210.03. 663,725 shares of the stock traded hands, compared to its average volume of 962,289. The company's 50-day simple moving average is $230.33 and its two-hundred day simple moving average is $220.85. The company has a market capitalization of $18.86 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.77. Packaging Co. of America has a 52-week low of $163.68 and a 52-week high of $250.82. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. Equities research analysts forecast that Packaging Co. of America will post 11.15 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, December 20th. Packaging Co. of America's dividend payout ratio is presently 55.99%.

Wall Street Analyst Weigh In

PKG has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Truist Financial reiterated a "buy" rating and set a $265.00 price target (down previously from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Citigroup upped their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and lifted their target price for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.00.

Insider Buying and Selling at Packaging Co. of America

In other news, Director Paul T. Stecko sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $244.91, for a total value of $2,571,555.00. Following the transaction, the director now owns 8,881 shares in the company, valued at approximately $2,175,045.71. This trade represents a 54.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donald R. Shirley sold 8,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the sale, the senior vice president now owns 15,725 shares of the company's stock, valued at $3,777,145. This represents a 33.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,800 shares of company stock worth $5,056,402 over the last three months. Company insiders own 1.60% of the company's stock.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.